[UBS: Lowers SK Hynix Target Price to 3 Million KRW, Reiterates 'Buy' Rating] BlockBeats News, August 3, UBS released a research report stating that it has lowered the target price of SK Hynix from 3.2 million KRW to 3 million KRW, maintaining a 'Buy' rating. The valuation is based on a forecasted price-to-book ratio of 3.65x (previously 3.67x), corresponding to a long-term ROE forecast of 40.2% (previously 42.3%) and a cost of equity of 11.5%.